AIR INDIA DISINVESTMENT
Air India on block but Boeing 747’s VVIP duty continues
The government has almost finalised bid documents for the privatisation of Air India.
Will ensure disinvestment-bound Air India keeps operating uninterruptedly: Aviation Ministry
In December, Air India chief told the ministry t...
Budget 2020: Is it time for a more realistic disinvestment target?
India needs more realistic disinvestment targets so that the fiscal math i...
Successful disinvestment of BPCL, CONCOR to lay foundation for much bigger stake sell programme: Garg
Announcement of a strategic disinvestment plan in the Budget will send a positive message, Garg said.
What is strategic sale? How is it different from disinvestment?
It looks highly unlikely that the disinvestment target will be met in the current fiscal. The next Budget for 2020-21, to be presented on February 1, will have another target for disinvestment. So, what exactly is a strategic sale and how is it different from disinvestment.
Air India unable to move engine due to Rs 100 crore GST dues
The airline hopes to pay the GST dues on Thursday, along with salary to employees. “We have raised the cash to pay for these things from our ticket sales. Hopefully, we will be able to send the engine to Vadodara once some GST dues are paid on Thursday, and then we raise the e-way bill required for that shipment,” said the official.
Air India cost saving plans to add over Rs 700 crore per annum, as govt readies plan to divest stake
While one initiative of moving to one ticket booking software for domestic flight bookings would save about Rs 519 crore in 2020, the other initiative of putting a bigger aircraft on Delhi-London route and smaller Dreamliner on Delhi-Washington route would add about Rs 100 crore to airline’s bottom line.
Foreign carriers won’t get Air India’s pilot seat
A relaxation would have meant that a foreign airline, along with an investment authority from its country of origin, could buy 100% in the national carrier and control Air India from headquarters based anywhere in the world.
Fiscal deficit may widen to 3.7-4% of GDP: Ex-fin secy
He estimated that the real fiscal deficit would be around 4.5 per cent to 5 per cent of GDP.
'Cabinet approved disinvestment of stake in NINL, not NMDC'
Neelachal Ispat Nigam Ltd (NINL) is a joint venture company, in which four central PSUs -- MMTC, National Mineral Development Corporation (NMDC), Bharat Heavy Electricals Ltd (BHEL) and MECON -- and two Odisha government companies, IPICOL and Odisha Mining Corporation (OMC), are shareholders.
CCEA approval for disinvestment in NINL
The Cabinet Committee on Economic Affairs (CCEA) gave an approval for strategic disinvestment in Neelachal Ispat Nigam Ltd (NINL) by selling the government’s stake to a strategic buyer which would be identified through a two-stage auction procedure. NINL is a joint venture company with equity shareholding.
Govt should step up expenditure to spur consumption: Sangita Reddy, FICCI president
Sangita Reddy, who is the joint managing director of Apollo Hospitals, also said that the government needed to focus on “clusters,” besides undertaking labour reforms, to boost manufacturing in the country. “To spur consumption, we need to put money into the system.
Govt needs to pump prime the economy to arrest slowdown: Ficci
She said that the government should find a mechanism to infuse Rs 1.5 to Rs 2 lakh crore into the economy as it would help spurring consumption.
Next multibaggers will come from infra space: Sunil Subramaniam
The fiscal being stretched is this year’s phenomenon, says Sunil Subramaniam.
Air India back with Amadeus for ticketing solutions
Air India had recently moved from keeping two ticketing platforms to one and had selected Travelport for it. The move was question by various industry insiders, who believed that this move of moving away from Amadeus will not be beneficial for the cash strapped airline, as Amadeus offers a he network across the globe.
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